The state of New York has major sporting events taking place, a long history of sports and gaming, and many connections to the fantasy sports world. The next step is that legalized sports betting apps will be heading to New York, this is something that is expected to come at the start of 2022.
This is going to completely transform sports betting in the state, offering people the convenience of playing from home, playing on anything they like, and best of all, doing it all legally, is a big thing. At the moment, current New York gambling laws say that retail sports betting is allowed, as well as casino gaming, and this has livened up the market ahead of the move to online betting and gaming, coming next year.
When you look at New York, across many different areas, it has always been known as a state that likes to be the best and lead the way. In terms of how they are setting up gambling, this could be something elsewhere others try to follow what they have pulled off.
How Does New York Compare to Other Parts of the World?
One of the big positives for New York is that the gambling laws that have been created are very new, both for retail betting and what is coming online. The same cannot be said about other countries, even those where betting is popular.
The country of India is a great example of how things are different, and the reason for the difference is because of when the laws were created. Online casinos in India can offer gaming to their players, but if you look at the actual Indian gambling laws then online wagering is not mentioned anywhere.
This is because the rules were created before online gaming existed, and this shows the downside to having gambling laws that are old because the industry has changed so much over the years. With something that moves as quickly as the gambling industry, the laws surrounding it need to be updated very regularly.
Will Other Areas Learn from New York?
Whenever new gambling laws are created, they are sure to hit the news headlines. New York certainly did that, bringing in retail sports betting and then changing the laws again to include online sports betting and gaming, so that players have the ultimate when it comes to convenience.
This is something that other parts of the USA, and potentially other parts of the world, could learn from what New York has done, and adapt their plan to create their own. When you look at places such as India and see how out of date the gambling laws are, you can see why this has so much importance on it.
Although New York is a fairly new player to the world of gambling, especially online gambling as it hasn’t even launched yet, they may have found something that many other jurisdictions are going to follow in the future.